2 ms·
It’s more like there’s not an alternative. Only an insane country would use China as their reserve country. And Euros have their own problems. So it’s kind of
by prepend 3y ago
It’s more like there’s not an alternative.
Only an insane country would use China as their reserve country. And Euros have their own problems.
So it’s kind of like countries can use dollars or nothing.
I remember taking economics classes in the 90s and the professor said the same think you did. About how not sure how much longer the US will be able to have such a privileged position. But still 25 years later we’re in the same boat.
- seanmcdirmid 3y agoPretty sure China won’t let anyone use its currency for reserve building, given that it isn’t fully convertible.